News About Companies in Silicon Valley and the Bay Area
SAN FRANCISCO — Uber will soon be bringing you the booze. Uber announced it will acquire Boston-based Drizly for approximately $1.1 billion. The deal will likely be 90% stock and the rest in cash. Drizly is the leading on-demand alcohol marketplace in the United States, available and designed to be fully compliant with local regulations […]
SAN FRANCISCO — Uber Technologies will acquire delivery service Postmates for approximately $2.65 billion in an all-stock transaction. Both companies are based in SF. The deal brings together Uber’s global Rides and Eats platform with Postmates’ delivery business in the U.S. Postmates is the fourth-largest delivery service in the nation and highly complementary to Uber […]
Uber announced it would waive the Delivery Fee for more than 100,000 independent restaurants across US & Canada on its Uber Eats delivery service. The move matches a similar fee waiver by GrubHub unveiled last week. Uber Eats said it will also launch daily dedicated, targeted marketing campaigns—both in-app and via email—to promote delivery from […]
Ridesharing giant Uber has hired Thomas Ranese as its new Vice President of Global Marketing. The move comes after Uber reportedly laid off 400 employees in its marketing department recently to cut costs. Ranese has spent the last 10 years at Google, where he held a number of senior marketing roles, always reporting to Google’s […]
Friday is one of the biggest days in tech history as San Francisco-based Uber Technologies finally makes its debut on the stock market. The ridesharing pioneer is going public on the New York Stock Exchange Friday morning under the symbol UBER and will sell 180,000,000 shares of its common stock at a price to the […]
Uber is expected to go public this Thursday in the largest IPO this year. The company listed in its S-1 filing that it depends on nearly a quarter of its revenue from just five cities. In 2018, Uber said it earned 24% of total Ridesharing Gross Bookings from these five metropolitan areas – Los Angeles, […]
SAN FRANCISCO & TOKYO — Toyota Motor Corp., auto supplier DENSO Corporation and the SoftBank Vision Fund (SVF) will together invest $1 billion in Uber Technologies Inc.’s Advanced Technologies Group (Uber ATG). The investment, in a newly formed ATG corporate entity, aims to accelerate the development and commercialization of automated ridesharing services. Under the terms, […]
SAN FRANCISCO AND DUBAI — Ridesharing giant Uber has agreed to acquire Careem, based in Dubai, for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. Founded in 2014, Careem serves 120 cities in 15 countries in the Middle East. Uber will acquire all of Careem’s mobility, delivery, and payments […]
As an official partner of SXSW in Austin, TX, Uber Eats is teaming up with some of Austin’s best restaurants and national foodie favorites to transform the festival’s culinary experience. Uber Eats is feeding the festival through a series of activations and events, and elevating the entire experience to transform culinary pain points into rave-worthy […]
Uber has released its third annual Uber Lost & Found Index and smartphones (no surprise) top the list of most forgotten items. The Index is a snapshot of riders’ most commonly lost and most unique forgotten items. It also highlights which cities are most forgetful, and which days of the week people tend to be […]
Research firm Pitchbook has released an updated list of the Top 25 Most Valuable Venture Capital backed companies. There are actually 28 companies on the list since five are tied for the 23rd spot. Uber continues to hold the lead as the most valuable company with a valuation of $72.0 billion. New York-based WeWork is […]
Uber Eats is now delivering from Starbucks to customers in San Francisco. The Starbucks launch this week in San Francisco with Uber Eats is the first of six new markets to offer the service to customers this year. Following an initial test in Miami, the company remains on track to bring Starbucks Delivers to nearly […]
Starbucks, the nation’s largest coffee chain, said it plans to begin offering delivery of its famous hot and cold beverages in the first quarter of 2019 in a partnership with Uber Eats. However, delivery will only be available at one-fourth of the chain’s company-operated locations in the U.S. and these cities have not been announced. […]
Uber Eats, the food delivery division of Uber, says its service will be rolling out into new cities by the end of the year to cover 70% of the U.S. population. The exact cities were not disclosed. The company uses Uber’s network of ridesharing drivers to pick up food from local restaurants and deliver to customers. […]
SAN FRANCISCO – California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón have announced a $148 million nationwide settlement resolving allegations that Uber Technologies, Inc. (Uber) violated state data breach reporting and reasonable data security laws in connection with its 2016 breach of driver and customer data. Uber is accused of exposing 57 million […]
Uber has launched a new debit card just for its drivers. The Uber Visa Debit Card from GoBank is designed exclusively for drivers and delivery partners that rewards everyday spending for things like gas and groceries一with no minimum balance, no overdraft fees, and no setup, monthly, or annual fees. With the Uber Visa Debit Card, […]
Uber is launching a new service to help people get to medical appointments called Uber Health. Every year, 3.6 million Americans miss doctor appointments due to a lack of reliable transportation says Uber. No-show rates for appointments are as high as 30% nationwide. Uber Health will partner with healthcare organizations to provide reliable, comfortable transportation […]
Uber announced that the ridesharing company has selected NVIDIA technology for the AI computing system in its fleet of self-driving vehicles. Speaking at the opening press conference of CES 2018 in Las Vegas, NVIDIA founder and CEO Jensen Huang said that the collaboration utilizes NVIDIA technology for Uber Advanced Technologies Group’s fleets of self-driving […]
Uber has launched a new Visa Card in partnership with Barclays that will be seamlessly integrated into the Uber mobile app. The no-fee credit card gives cardmembers the opportunity to instantly enjoy earning 4% back for dining out at a favorite restaurant, 3% for booking travel, 2% back for shopping online or riding an Uber around […]
Uber has hired Dara Khosrowshahi as its new CEO. He is leaving the CEO position at travel site Expedia to join the world’s leading ridesharing company. Khosrowshahi reportedly beat out Meg Whitman of HP and former GE CEO Jeff Immelt for the top job. Dara came to America at nine years old when his […]
Uber CEO Travis Kalanick sent the following note to all Uber employees on Tuesday evening. By now I’m sure you’ve seen the video where I treated an Uber driver disrespectfully. To say that I am ashamed is an extreme understatement. My job as your leader is to lead…and that starts with behaving in a […]
STUTTGART, Germany and SAN FRANCISCO — Germany’s Daimler auto company and Uber have announced an agreement to cooperate on the supply and operation of self-driving Mercedes-Benz vehicles. Under the terms of the agreement, Daimler plans to introduce self-driving vehicles on Uber’s global ridesharing network in the coming years. Daimler is the first auto company to […]
Uber CEO Travis Kalanick announced it will create a $3 million legal defense fund to help its drivers with immigration and translation services. The move is in response to President Trump’s executive order banning immigrants from Iran, Iraq, Libya, Somalia, Sudan, Syria or Yemen for 90 days. Taxi drivers went on strike in NYC […]
Former Google engineer Amit Singhal is joining Uber as its Senior Vice President of Engineering. Singhal worked for Google for 15 years and oversaw the Google search quality department and was responsible for Google search algorithms. Singhal retired from Google in February 2016. He announced his decision to join Uber on his personal website: […]